Will Honohan back down on 20% deposit rule?
Ian Kehoe The feeling in government circles is that the governor of the Central Bank will phase in new mortgage deposit rules over time
So just what will Patrick Honohan actually do? The governor of the Central Bank spooked the property market late last year when he laid out his proposals to demand deposits of up to 20 per cent from home buyers.
The Central Bank received a staggering 157 submissions to its public consultation in an eight-week period (usually, barely a handful of vested interests make formal submissions on Central Bank proposals). The vast majority of those are in...
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